A one-day walkout by a labor union of Sogo-Seibu Co. did not ultimately prevent the parent company from selling the department store operator.
However, an expert said the rare labor action, the first such strike at a major department store in more than 60 years, showed the risk of corporate restructuring without employee input.
Some may criticize and say that nothing will be gained by going on strike, but is a society in which labor unions simply accept the situation desirable? said Wakana Shuto, a professor of labor-management relations at Rikkyo University, who is familiar with labor-management relations in department stores.
Seven & i Holdings Co. on Aug. 31 decided to sell subsidiary Sogo-Seibu to Fortress Investment Group, a U.S. …
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